It's a good idea to talk to a tax professional about this part.Using an LLC can help build business credit over time, but make sure the immediate needs and potential costs are worth it.

I just want to make sure that if I do work a deal to pay off the debt earlier that 1) the calulations I am using are correct and 2) that the return would make sense to a professional note investors/buyer.

Typically because they felt their tax professional was fine, but not in tune or up to date with the real estate investing portion of their return. 

Readers should seek professional advice.

Readers should seek professional advice.

I have a pretty established net work of real estate professionals in the area would love to connect. 

Very professional.

I would call professional paralegal solutions.

Readers should seek professional advice.

But unless you are considered a real estate professional, you can only offset 25k of depreciation losses against your regular income per year.